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PEARSON VUE LIFE INSURANCE PRACTICE EXAM 2024

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P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary Answer - B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A.indemnity contract B.investment contract C.endowment D.annuity Answer - D An insurance producer takes an application for a life insurance policy but does not collect the initial premium. On delivery of the policy to the proposed insured, the producer must collect the initial premium and which of the following? A.A copy of the MIB report B.The

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PEARSON VUE LIFE INSURANCE
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February 19, 2024
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Written in
2023/2024
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  • pearson vue life insurance practice exam 2024
  • pearson vue life insurance
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